City Crossingmixed use real estate in Henderson, Nevada seeks reorganization. Plise Development, Las Vegas based developer, obtained $180 million in short term debt during the first part of 2007 which matured about four months ago.

City Crossing is a $2 billion development within 6 million square feet near the Henderson Executive Airport. Real estate site improvements have started that include utilities, grading and roads.

The plans for City Crossing will include 2,500 Las Vegas residential real estate units, two boutique hotels, 1 million square feet of restaurants and retail, and finally 1 million square feet of office space.

City CrossingLas Vegas mixed use real estate project in the valley is a $2 billion development located south of the Strip, near the planned M Resort and Henderson Executive Airport. The Plise Cos. Is developing the 126 acre include 1.5 million sf of class A office 600,000 square feet of retail, and 2,500 Las Vegas homes built around 17 acres of trails, public spaces and parks.

The 30-acre first phase, $500-million, scheduled to open in fall 2009, will include 160-room boutique hotel, 180 residential units, all of the office and 100,000 square foot of retail. Mortgage lenders from eight different companies are providing the construction financing. The entire Henderson real estate development expected completion by 2014.